Business

Recently, Bernama quoted Touch ‘n Go Sdn Bhd chief executive officer Syahrunizam Samsudin(filepic) as saying that the company would introduce a new digital platform which will be used as a sales and purchase medium nationwide in line with the move to enhance cashless transactions.  He said the platform, named Touch ’n Go e-Wallet, was undergoing several evaluation processes before it could be introduced to the public.

CIMB's subsidiary Touch ‘n Go to launch e-wallet together with Alipay

PETALING JAYA: CIMB Group Holdings Bhd’s subsidiary Touch ‘n Go is set to launch an “e-wallet” using technology pioneered by Alipay, sources said.

Bigger capacity: The Murum dam in Sarawak. SEB aims to ramp up its power generation to 7,000MW by 2026.

Sarawak Energy in talks for power exchange

KUCHING: Sarawak Energy Bhd (SEB) is currently in talks with Brunei and Sabah authorities on proposed power exchange agreements.

Sunway Bhd Property Division for Malaysia and Singapore managing director Sarena Cheah(filepic) said of the amount, about RM2bil would be for long-term investment projects, including malls and hotels.

Sunway to launch RM5bil GDV projects in Penang

GEORGE TOWN: Sunway Bhd is set to launch various projects with a total gross development value (GDV) of RM5bil in Penang over the next 10 years.

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At 9 am(0100gmt), the local unit stood at 4.2815/2855 against the greenback compared with last Friday's close of 4.2820/2850.

Ringgit higher against US$

KUALA LUMPUR: The ringgit was marginally higher against the US dollar early Monday, but uncertainties continued to surround the foreign exchange market, dealers said.

24 July 2017 | 10:17AM |

Forex

Higher close for KLCI on Digi, Astro gains

KUALA LUMPUR: Late buying of Digi and Astro pushed the FBM KLCI to a higher close on Monday after a volatile day which saw low trading volume but on a more positive note, the ringgit managed to claw back some gains against the US dollar and the euro.

24 July 2017 | 5:53PM |

Markets

Tenaga, HL Bank lift KLCI, ringgit at 5 to euro

KUALA LUMPUR: Tenaga Nasional and Hong Leong Bank lifted the FBM KLCI out of the red at midday on Monday while the ringgit slumped against the key currencies despite the firmer economic outlook for Malaysia in the second half.

24 July 2017 | 1:05PM |

Markets

At 9 am(0100gmt), the local unit stood at 4.2815/2855 against the greenback compared with last Friday's close of 4.2820/2850.

Ringgit higher against US$

KUALA LUMPUR: The ringgit was marginally higher against the US dollar early Monday, but uncertainties continued to surround the foreign exchange market, dealers said.

24 July 2017 | 10:17AM |

Forex

Foreign buying falls to lowest in 2017 at RM76m

KUALA LUMPUR: Foreign investors were net buyers on Bursa Malaysia in the week ended July 21 at RM76.30mil, which was the first time the weekly inflow fell below the RM100mil in 2017, says MIDF Equities Research.

24 July 2017 | 10:15AM |

Markets

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent early on Monday.  Japan's Nikkei dropped 0.8 percent on a stronger yen.  Australian shares retreated 0.2 percent and South Korea's KOSPI was flat.

Asian stocks slip

SINGAPORE: Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro's near-two-year high on the European Central Bank's seeming lack of concern about its strength left the dollar languishing near a 13-month low.

24 July 2017 | 8:47AM |

Stocks

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